SIKA ACQUIRES LEADING SUPPLIER OF STRUCTURAL FIBRES FOR SHOTCRETE
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Sika AG /
SIKA ACQUIRES LEADING SUPPLIER OF STRUCTURAL FIBRES FOR SHOTCRETE
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Sika is acquiring Australian company Radmix Resources Pty Ltd and its
manufacturing partner ASF (Australian Synthetic Fibres) Pty Ltd. Radmix is the
leading supplier of structural fibres for shotcrete in Australia's mining
industry. Last year Radmix and ASF generated sales of CHF 8 million.
The acquisition of Radmix and ASF will allow Sika to expand its strong position
in the mining sector. The structural fibres manufactured by Radmix are used for
concrete reinforcement, in particular shotcrete. For Sika the mining industry
represents a growing market that uses a large number of high-value Sika
products, from shotcrete, specialty mortars, waterproofing systems and high-
resistant coatings to liquid membranes. The technological know-how brought in by
Radmix plus Sika's comprehensive range offers major potential for the
development of new products and the expansion of an already substantial offering
for the mining industry.
Sika will integrate Radmix and ASF into the Sika Australia business. Radmix
founder and present CEO Ray Desmond will help to ensure a smooth transition into
the new organisation and assist in further promoting the development of
structural fibres.
Ray Desmond: "The acquisition of Radmix and ASF by Sika gives our company new
opportunities. Our staff look forward to the synergies that will come with Sika
and to being a part of the Sika team."
Regional Manager Asia/Pacific Heinz Gisel: "The acquisition of Radmix and ASF is
an opportunity to strengthen our leading position in the concrete and shotcrete
market in Australia, to have our own fibre production in the Asia/Pacific
region, and to become the number one supplier of synthetic fibres in the
region's mining industry."
Upcoming dates:
Monday, July 29, 2013: Half-Year Report 2013
Wednesday, October 30, 2013: Nine Month Report 2013
Tuesday, January 14, 2014: Net sales 2013
Tuesday, March 4, 2014: Full-year results 2013: Media conference/analyst
presentation
SIKA AG Zugerstrasse 50 CONTACT Dominik Slappnig
CH-6341 Baar, Corporate Communications & Investor
Switzerland TELEPHONE Relations
www.sika.com E-MAIL +41 58 436 68 21
slappnig.dominik(at)ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry as well as
manufacturing industries (automotive, bus, truck, rail, façades). Sika's product
lines feature high-quality concrete admixtures, specialty mortars, sealants and
adhesives, damping and reinforcing materials, structural strengthening systems,
industrial flooring as well as roofing and waterproofing systems. Worldwide
local presence in 80 countries and some 15 200 employees link customers directly
to Sika and guarantee the success of all partners. Sika generated annual sales
of CHF 4 829 million in 2012.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1717175/570875.pdf
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Source: Sika AG via Thomson Reuters ONE
[HUG#1717175]
Unternehmensinformation / Kurzprofil:
Datum: 18.07.2013 - 06:00 Uhr
Sprache: Deutsch
News-ID 279486
Anzahl Zeichen: 4256
contact information:
Town:
Baar
Kategorie:
Business News
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"SIKA ACQUIRES LEADING SUPPLIER OF STRUCTURAL FIBRES FOR SHOTCRETE"
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